Solvay: Results in 2007
The Chemicals Sector improved in 2007 due to the persistence of a continued favorable global balance between supply and demand. Sales in 2007 (EUR 3,031 million) were comparable (+1%) to 2006 (stable in the 4th quarter). Results (REBIT of EUR 345 million) recorded a growth of 9% compared to 2006 (+14% in the 4th quarter). The “Minerals” and “Oxygen” clusters as well as the “Electrochemistry” activities (caustic soda) continued to record excellent results. The fluor chemical commodities remained under heavy pressure and the announced restructuring is under way.
The Plastics Sector again showed improvement due to the excellent performance of two of its activities (“Specialties” and “Vinyls”). Sales increased by 4% in 2007 (+3% in the 4th quarter 2007) and reached EUR 3950 million. Results (REBIT of EUR 441 million) increased by 8% despite the unfavorable effects of USD and JPY exchange rates, impacting mainly Specialty Polymers. In the 4th quarter, the overall business context remained favorable, especially in Specialties. For Vinyls, the seasonal slowdown in Europe was more marked in the 4th quarter 2007 compared to the same period in 2006.
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